Deleted
Posts โข 0
Likes โข
January 1970
|
Your opinion needed, by Deleted on Jan 5, 2009 17:23:44 GMT 1, Hi Guys,
About 5 months ago, I sold a piece to a forum member for ยฃ3750. We agreed it would be paid to me in monthly installments. An installement was paid to me of ยฃ1000, but when it came to the second installement, the buyer opted out and asked for the ยฃ1000 "deposit" back.
I promised to pay all of the money back. I have already paid ยฃ250 and am about to pay the remaining ยฃ750.
I am thinking twice about paying back the full amount as I have been put under quite alot of finanical pressure because of this. I was travelling at the time I recieved the first installement and therefore spent it straight away thinking I was going to get the rest of the money and not have to return it. I also had a second offer for the piece that I had to deciline.
What do you think is fair?
Cheers
p.s. the forum member no longer comes on here.
Hi Guys,
About 5 months ago, I sold a piece to a forum member for ยฃ3750. We agreed it would be paid to me in monthly installments. An installement was paid to me of ยฃ1000, but when it came to the second installement, the buyer opted out and asked for the ยฃ1000 "deposit" back.
I promised to pay all of the money back. I have already paid ยฃ250 and am about to pay the remaining ยฃ750.
I am thinking twice about paying back the full amount as I have been put under quite alot of finanical pressure because of this. I was travelling at the time I recieved the first installement and therefore spent it straight away thinking I was going to get the rest of the money and not have to return it. I also had a second offer for the piece that I had to deciline.
What do you think is fair?
Cheers
p.s. the forum member no longer comes on here.
|
|
|
|
Your opinion needed, by wiz on Jan 5, 2009 17:29:58 GMT 1, ordinarily i would say that an agreement is to be honored but as the buyer broke the terms of the agreement initially then its entirely up to you, if it was me and i had told the buyer i would refund all of it then thats what i would do regardless of how he or she had acted, as long as i was sure i would get the work back of course that is.
ordinarily i would say that an agreement is to be honored but as the buyer broke the terms of the agreement initially then its entirely up to you, if it was me and i had told the buyer i would refund all of it then thats what i would do regardless of how he or she had acted, as long as i was sure i would get the work back of course that is.
|
|
Deleted
Posts โข 0
Likes โข
January 1970
|
Your opinion needed, by Deleted on Jan 5, 2009 17:34:03 GMT 1, Cheers Wizbong. I never actually sent the work. We are on good terms. The fact that I said I would pay it all back means that I probably should. Its just now that I am about to send the money, I feel quite hard done by.
Cheers Wizbong. I never actually sent the work. We are on good terms. The fact that I said I would pay it all back means that I probably should. Its just now that I am about to send the money, I feel quite hard done by.
|
|
Deleted
Posts โข 0
Likes โข
January 1970
|
Your opinion needed, by Deleted on Jan 5, 2009 17:36:39 GMT 1, Give him his money back and learn from the experience. Its not nice to live in a cynical world but that's the one we're in. I suspect your need outweighed your common sense...big mistake. Move on in the knowledge that you are the better person and what goes around comes around.
Give him his money back and learn from the experience. Its not nice to live in a cynical world but that's the one we're in. I suspect your need outweighed your common sense...big mistake. Move on in the knowledge that you are the better person and what goes around comes around.
|
|
|
|
Your opinion needed, by manty on Jan 5, 2009 17:39:39 GMT 1, Mate i feel for you.
But you know you have to do the right thing
Karma and all that
Hope you get to sell the piece quick for the right money
Mate i feel for you.
But you know you have to do the right thing
Karma and all that
Hope you get to sell the piece quick for the right money
|
|
|
|
Your opinion needed, by onemandown72 on Jan 5, 2009 17:52:04 GMT 1, That's a pretty poor show for you, but would be made all the more worse if you then refused to give him all his money back.
You still have the art, and as Manty says good karma should you give all cash back - never let that go!
That's a pretty poor show for you, but would be made all the more worse if you then refused to give him all his money back.
You still have the art, and as Manty says good karma should you give all cash back - never let that go!
|
|
|
|
Deleted
Posts โข 0
Likes โข
January 1970
|
Your opinion needed, by Deleted on Jan 5, 2009 18:11:18 GMT 1, Cheers people. You are right about learning from the experience. Next time, i'll be harder. I should have set out the rules at the start and taken a deposit if the rest wasn't paid. I felt for the guy so agreed to give the money back, which I shouldn't have. I was too nice. Its just a bit gutting that I was relying on the money to continue traveling but had to come home. I suppose I can just see it an interest free loan from a random internet stranger. Mad world! ;D
Cheers people. You are right about learning from the experience. Next time, i'll be harder. I should have set out the rules at the start and taken a deposit if the rest wasn't paid. I felt for the guy so agreed to give the money back, which I shouldn't have. I was too nice. Its just a bit gutting that I was relying on the money to continue traveling but had to come home. I suppose I can just see it an interest free loan from a random internet stranger. Mad world! ;D
|
|
Martin Whatson
Artist
Junior Member
Posts โข 2,285
Likes โข 7
May 2007
|
Your opinion needed, by Martin Whatson on Jan 5, 2009 18:20:55 GMT 1, I never spend or withdraw money ive made from selling pieces from my paypal account untill I know the piece has arrived safely and that the buyer is happy with it!
I guess what you can learn from this is that you should never spend cash you dont really got!
We have a saying here in Norway (dont know if you got the same in the UK) that says:
'Don't sell the skin before the bear is shot!'
Alltho I really feel with you and with the way the prices has gone the last few months this really isnt a good outcome for you! 
Must be a nice print by the way! 
I never spend or withdraw money ive made from selling pieces from my paypal account untill I know the piece has arrived safely and that the buyer is happy with it! I guess what you can learn from this is that you should never spend cash you dont really got! We have a saying here in Norway (dont know if you got the same in the UK) that says: 'Don't sell the skin before the bear is shot!' Alltho I really feel with you and with the way the prices has gone the last few months this really isnt a good outcome for you! Must be a nice print by the way! |
|
cynic
New Member
Posts โข 54
Likes โข 9
January 2008
|
Your opinion needed, by cynic on Jan 5, 2009 18:53:17 GMT 1, Why not agree to pay it back in installments if it's causing a financial problem. paying it all back right after christmas would be a b**ch
Why not agree to pay it back in installments if it's causing a financial problem. paying it all back right after christmas would be a b**ch
|
|
chrisps303
Junior Member
Posts โข 1,006
Likes โข 0
December 2006
|
Your opinion needed, by chrisps303 on Jan 5, 2009 20:22:18 GMT 1, We have a saying here in Norway (dont know if you got the same in the UK) that says: 'Don't sell the skin before the bear is shot!'
and we have a saying similar in the uk, dont count your chickens before they have hatched.
We have a saying here in Norway (dont know if you got the same in the UK) that says: 'Don't sell the skin before the bear is shot!' and we have a saying similar in the uk, dont count your chickens before they have hatched. |
|
maadbeats
Junior Member
Posts โข 2,272
Likes โข 19
September 2007
|
Your opinion needed, by maadbeats on Jan 5, 2009 20:43:35 GMT 1, I say screw him, You made an agreement. People need to live up to them or lose. You do layaway at a store, I highly doubt they will give you your money back. Whats the difference???But i do like the the paying him back in installments if thats the way your going to handle it.
I say screw him, You made an agreement. People need to live up to them or lose. You do layaway at a store, I highly doubt they will give you your money back. Whats the difference???But i do like the the paying him back in installments if thats the way your going to handle it.
|
|
wires67
New Member
Posts โข 80
Likes โข 3
December 2007
|
Your opinion needed, by wires67 on Jan 5, 2009 20:52:53 GMT 1, Out of interest what was the piece that you sold. There may be others interested in it, although its more likely that we'll see why the guy is backing out.
Out of interest what was the piece that you sold. There may be others interested in it, although its more likely that we'll see why the guy is backing out.
|
|
Deleted
Posts โข 0
Likes โข
January 1970
|
Your opinion needed, by Deleted on Jan 5, 2009 21:00:50 GMT 1, Hey Guys. Thanks for all of your comments. I have actually paid him the full amount back. It was just easier to move on quickly and learn from my mistakes. Afterall, I haven't lost anything, apart from a bit of sleep! I suppose installments would have been the best way to payback, but I just didn't want it hanging over me.
Hey Guys. Thanks for all of your comments. I have actually paid him the full amount back. It was just easier to move on quickly and learn from my mistakes. Afterall, I haven't lost anything, apart from a bit of sleep! I suppose installments would have been the best way to payback, but I just didn't want it hanging over me.
|
|
Deleted
Posts โข 0
Likes โข
January 1970
|
Your opinion needed, by Deleted on Jan 5, 2009 21:05:02 GMT 1, Out of interest what was the piece that you sold. There may be others interested in it, although its more likely that we'll see why the guy is backing out.
It was a Guy Denning piece - the renderer of enhanced interrogation (You have probably seen it being pushed on here before) He came out of it well seeing as the market decided to go downhill straight after.
Out of interest what was the piece that you sold. There may be others interested in it, although its more likely that we'll see why the guy is backing out. It was a Guy Denning piece - the renderer of enhanced interrogation (You have probably seen it being pushed on here before) He came out of it well seeing as the market decided to go downhill straight after. |
|
|
|
Poppy Sunshine
Junior Member
Posts โข 1,700
Likes โข 324
January 2008
|
Your opinion needed, by Poppy Sunshine on Jan 5, 2009 21:23:13 GMT 1, This guy must think Christmas has come again for him.
If he has an ounce of the decency you've shown he will give you some of that money back for messing you about and leaving you down on the deal now that the market's dropped.
This guy must think Christmas has come again for him.
If he has an ounce of the decency you've shown he will give you some of that money back for messing you about and leaving you down on the deal now that the market's dropped.
|
|
Standard
New Member
Posts โข 908
Likes โข 238
August 2008
|
Your opinion needed, by Standard on Jan 5, 2009 22:18:00 GMT 1, I think you have done the right thing in paying it back, however it would of been nice for the buyer to have paid you at least ยฃ100 for the trouble, more than a fair amount considering the overall value, the time and the financial effect that it has had on you.
I recently purchased a piece on here with installments and was quite happy to stipulate at the beginning that if the deal fell through then I would happily lose My ยฃ100 deposit ( I was very keen on the piece and couldn't afford it all in one go, and it was nowhere near the value of yours).
Don't be put off doing a similar deal again, just work out a term should any buyer want to withdraw.
I think you have done the right thing in paying it back, however it would of been nice for the buyer to have paid you at least ยฃ100 for the trouble, more than a fair amount considering the overall value, the time and the financial effect that it has had on you.
I recently purchased a piece on here with installments and was quite happy to stipulate at the beginning that if the deal fell through then I would happily lose My ยฃ100 deposit ( I was very keen on the piece and couldn't afford it all in one go, and it was nowhere near the value of yours).
Don't be put off doing a similar deal again, just work out a term should any buyer want to withdraw.
|
|
